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Overview

Fund Profile

Key Facts

Fund Ticker ZWB
Net Assets (Mn)
(Sep 18, 2019)
$ 1,889.87
Base Currency CAD
Closing Market Price $ 18.46
12-Month Low/High (Market Price) $ 16.64 / $ 19.93
Closing NAV Price
(Sep 18, 2019)
$ 18.4738
12-Month Low/High (Price (NAV)) $ 16.6241 / $ 19.9226
Annualized Distribution Yield
(Sep 13, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

5.55%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 160,985
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 102,300
Index -
Market Cap ($Bn)
(Aug 30, 2019)
484.64
Exchange TSX
CUSIP 05560U104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of Canadian banks
  • Call option writing reduces volatility
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Sep 18, 2019)
$ 1,889.87
Market Price $ 18.46
12-Month Low/High (Market Price) $ 16.64 / $ 19.93
Price (NAV) $ 18.4738
12-Month Low/High (Price (NAV)) $ 16.6241 / $ 19.9226
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.46 $ 0.05 0.27%
Price (NAV) $ 18.4738 $ 0.0519 0.28%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.44% 3.77% 6.33% 5.23% - 8.13%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 7.18% -8.08% 11.62% 25.26% -4.12% 11.66% 16.18% 13.01% 1.11%
Index - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 7.18% -3.40% 0.57% -2.48% -5.44% 7.68% 20.20% 29.05% - 95.76%
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

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Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Jan, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.085000 0.000000 0.085000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.085000 0.000000 0.085000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.085000 0.000000 0.085000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.085000 0.000000 0.085000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.085000 0.000000 0.085000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.085000 0.000000 0.085000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.085000 0.000000 0.085000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.085000 0.000000 0.085000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
Download Distribution Tax (Excel)
Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Sep 18, 2019

Stock

100.86%

Cash and Cash Equivalents

-0.86%

Number of Holdings

33

Total Net Assets

$ 1,889,866,671.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
28.70% BMO EQUAL WEIGHT BANKS INDEX ETF CA0556851016 ZEB 18,633,263 CAD 542,313,853 - Stock
12.52% NATIONAL BANK OF CANADA CA6330671034 NA 3,650,176 CAD 236,640,910 Financials Stock
12.31% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 3,118,472 CAD 232,575,642 Financials Stock
12.30% ROYAL BANK OF CANADA CA7800871021 RY 2,186,848 CAD 232,440,074 Financials Stock
12.13% TORONTO-DOMINION BANK/THE CA8911605092 TD 3,015,673 CAD 229,281,618 Financials Stock
11.69% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 2,009,960 CAD 220,854,405 Financials Stock
11.22% BANK OF MONTREAL CA0636711016 BMO 2,180,802 CAD 212,017,570 Financials Stock
0.00% BANK OF MONTREAL 20Sep2019 102 CALL - BMO 9 C -3,200 CAD -27,200 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 20Sep2019 65 CALL - NA 9 C6 -4,000 CAD -66,000 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 20Sep2019 107 CALL - RY 9 C1 -3,900 CAD -52,650 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 20Sep2019 80 CALL - TD 9 C8 -5,000 CAD -20,000 - Cash and Cash Equivalents
0.00% EQUAL WEIGHT BANKS INDEX - - -20,000 CAD -2 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 20Sep2019 29.25 CALL - ZEB 9 C -20,000 CAD -180,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 04Oct2019 65 CALL - 1NA 10 -4,000 CAD -164,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 11Oct2019 65 CALL - 2NA 10 -3,500 CAD -136,500 - Cash and Cash Equivalents
-0.02% BANK OF MONTREAL 18Oct2019 98 CALL - BMO 10 -3,000 CAD -310,500 - Cash and Cash Equivalents
-0.02% NATIONAL BANK OF CANADA 18Oct2019 64 CALL - NA 10 C -4,000 CAD -440,000 - Cash and Cash Equivalents
-0.02% TORONTO-DOMINION BANK/THE 18Oct2019 76 CALL - TD 10 C -4,000 CAD -340,000 - Cash and Cash Equivalents
-0.03% ZEB CALL 28.9 25SEP19 - - -20,000 CAD -521,916 - Cash and Cash Equivalents
-0.03% TORONTO-DOMINION BANK/THE 04Oct2019 75 CALL - 1TD 10 -4,000 CAD -512,000 - Cash and Cash Equivalents
-0.04% BMO EQUAL WEIGHT BANKS INDEX E 20Sep2019 28.75 CALL - ZEB 9 C -20,000 CAD -750,000 - Cash and Cash Equivalents
-0.04% BANK OF MONTREAL 04Oct2019 95.5 CALL - 1BMO 10 -3,000 CAD -684,000 - Cash and Cash Equivalents
-0.04% BANK OF NOVA SCOTIA/THE 11Oct2019 73 CALL - 2BNS 10 -4,200 CAD -735,000 - Cash and Cash Equivalents
-0.04% ROYAL BANK OF CANADA 04Oct2019 104 CALL - 1RY 10 -2,500 CAD -668,750 - Cash and Cash Equivalents
-0.05% CANADIAN IMPERIAL BANK OF COMM 20Sep2019 106 CALL - CM 9 C1 -2,500 CAD -937,500 - Cash and Cash Equivalents
-0.05% CANADIAN IMPERIAL BANK OF COMM 11Oct2019 106 CALL - 2CM 10 -2,600 CAD -1,027,000 - Cash and Cash Equivalents
-0.07% BANK OF NOVA SCOTIA/THE 20Sep2019 72 CALL - BNS 9 C -5,000 CAD -1,290,000 - Cash and Cash Equivalents
-0.07% BMO EQUAL WEIGHT BANKS INDEX E 18Oct2019 28.5 CALL - ZEB 10 -20,000 CAD -1,300,000 - Cash and Cash Equivalents
-0.08% ROYAL BANK OF CANADA 18Oct2019 102 CALL - RY 10 C -3,000 CAD -1,425,000 - Cash and Cash Equivalents
-0.09% BANK OF NOVA SCOTIA/THE 18Oct2019 70.5 CALL - BNS 10 -4,000 CAD -1,660,000 - Cash and Cash Equivalents
-0.11% CANADIAN IMPERIAL BANK OF COMM 18Oct2019 103 CALL - CM 10 C -3,000 CAD -2,040,000 - Cash and Cash Equivalents
-0.12% BMO EQUAL WEIGHT BANKS INDEX E 27Sep2019 28 CALL - 4ZEB 9 -20,000 CAD -2,250,000 - Cash and Cash Equivalents
0.07% CASH - - 1 CAD 1,280,655 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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